tv U.S. House of Representatives U.S. House of Representatives CSPAN January 29, 2018 5:00pm-6:31pm EST
for all to see. reporter: the president repeatedly touted black unemployment when faced with allegations of racism. given the numbers, the low black unemployment, why do you think so many in the african-american community are still so uncomfortable with the president? ms. sanders: that's a question you would have to ask them. we hope and pray and expect to spend every day working to build a greater relationship within that community and as i said before with all americans, this is the president who wants to lead for everybody. he's not looking to lead for any one person. >> as this wraps up, we'll leave. the u.s. house coming in, beginning a short week with a couple of bill this is evening, including one that would require amateur athletic governing bodies to report sexual assault reports to law enforcement. now live to the house floor. d questions at a later time. for what purpose does the gentleman from texas seek recognition?
mr. poe: mr. speaker, i move to brulls and pass s. 534, the -- suspend the rules and pass s. 534, the protecting young victims from sexual abuse and safe sport authorization act of 2017, as amended. the speaker pro tempore: the clerk will report the title of the bill. the clerk: senate 534, a bill to prevent the sexual abuse of minors and amateur athletes by requiring the prompt reporting of sexual abuse to law enforcement authorities, and or other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from texas, mr. poe, and the gentlewoman from texas, ms. jackson lee, each will control 20 minutes. the chair recognizes the gentleman from texas. mr. poe: mr. speaker, i ask unanimous consent that all members may have five legislative days to revise and , include ir remarks extraneous materials on s. 534, currently under consideration. the speaker pro tempore: without objection.
mr. poe: thank you, mr. speaker. i yield myself five minutes. the speaker pro tempore: the gentleman is recognized. r. poe: i'm glad we're considering this bill. this legislation protects child athletes from both sexual and physical abuse. over the past year the nation was horrified to learn of the decades of abuse that occurred within the u.s.a. gymnastics by r. larry nassar, and last week nassar was sentenced between 40 and 175 years incarceration after pleading guilty to several accounts of sexual assault. over 150 women and girls gave victim impact statements. how a serial predator like dr. nassar could have preyed on so many young girls for a long time in such a flagrant fashion is appalling.
or amateur gymnasts were failed, they were failed by the very people who were supposed to protect them and do no harm as doctors are supposed to do. in the past weeks, we have not only seen dr. nassar brought to justice, but we've also seen many others held accountable for their roles of commission and omission associated with these atrocities. though we're glad to see justice served in this case, we must take appropriate measures to prevent this from occurring again. this bill will do that. it requires persons engaged in certain activities and professions in federal lands or facilities to report child abuse. failure to report could subject such persons to criminal penalties. this bill expands these mandatory reporting requirements to adults working at national governing boards, that is amateur sports
organizations recognized by the united states olympic committee such as u.s.a. gymnastics or u.s.a. tennis or sanctioned events. the bill also charters new organization called safe sport, tasking with preventing child abuse within the national governing bodies through education and handling reports of misconduct. safe sport will assure these national governing bodies abide by such policies and procedures to assure that predators like dr. nassar will never again be permitted to terrorize young athletes with impunity. i'd like to thank mrs. brooks of indiana for her hard work on this issue and for assembling a bipartisan team of co-sponsors. protecting our young people, including those that have sacrificed so much to represent the united states such as olympic athletes is and should be a bipartisan undertaking. i commend my colleagues for their support and i urge them
to vote in favor of s. 543. mr. speaker, i would like -- i have 133 statements, victim impact statements of young women that were made at this sentencing, and i want to read just a few phrases from some of these strong athletes who had the courage to come forward and tell what dr. nassar did to them. he first one is from donna markham. donna's daughter, chelsea, was an athlete under the supervision of nassar. she could not give a victim impact statement and here's why, according to her mother, donna. in 2009, chelsea took her own life.
he couldn't deal with the pain anymore. every day i miss her. it all started with him. daniel moore, i hope being reduced to a prison number -- talking about nassar -- will define you as it defined me for so long. i will no longer be known as a mber and i will be dr. danielle moore. megan, as i stand here i still flash back to the feelings of fear, laying frozen in the office, my sweating, shaking body, adrenaline pumping, painfully clutching the sides of the table, waiting for the sick treatment to be over. gwen anderson. i still remember him saying,
it's ok. i know you're not used to being touched there but it will feel better. and here's what gwen's coach had to say. thomas brennan. for the record, go to hell. what you did to everyone else who trusted you and sent girls your way is disgusting, reprehensible, unfore give, and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlelady from texas, ms. jackson lee. is recognized. ms. jackson lee: mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: without objection. ms. jackson lee: mr. speaker, i rise in support of s. 534, the protecting young victims from sexual abuse act, but i thank my colleagues here in the house, congresswoman brooks and congresswoman frankel of florida. in michigan there was a
volcanic action. one might call it the nassar volcano. it acted and there was no reaction. it was deadening silence. volcano sponded to the that kept pouring poisonous lava in the way of young, beautiful athletes. i would hope and wish i was not on the floor today with my colleague from texas having to life-changing experience for these young athletes who wanted to do nothing else but to make their families proud, first, maybe to ed and be able to adhere their faith, their determination, and resolve and make their nation, their state, their school proud of them.
young girls, women who are heretofore, mr. speaker, had been held back, mr. speaker, or told this sport was not for you. i am reminded of the women's hockey team, and i heard a young hockey player indicate that her grandmother said that hockey was not for girls. all they want to do was to make us proud. all they wanted to do was to show the strength of women and the resolve of women. that's why i think this bill not only is important, mr. speaker, but it is timely to come today but all of us would have wished with no condemnation that we had five years ago or 10 years ago but remember what i said, the volcanic action was faced with deafening silence for those who
knew. and for the girls who wanted to make us proud, they thought the best way to resolve it or handle it was to embrace it, accept it, suffer, and still make us proud. that's why i believe this bill is crucial, and i am very glad to be on the floor with the two house sponsors and thank senator feinstein for her efforts because this bill would prevent the sexual abuse of minors and amateur athletes by requiring the prompt reporting of sexual abuse to law enforcement authorities. this is a reasonable and important measure that's intended to protect young athletes and listen to the sound of the volcano from abuse and preserve the sanctity of sports associated with the u.s. olympic committee, the organization responsible for preparing and training young athletes who might one day represent our nation competitively all over the world.
how proud we are as we sit and view them on the nation's televisions, the summer olympics and winter olympics that are about to start. how shameful it is that we have to have this legislation to protect them and as well the deadening silence at the university of michigan of dr. nassar. i guess the only words he could say was how ashamed and mbarrass and sorry he is and eons and eons of young women live with that pain. children deserve to enjoy the innocence of their youth by exploring of the cure yots in the world, being in sports free of abuse. i will defend the parents. i know some of them are overly eager. we have seen them at the little league and we have seen them at the football competition for little ones and middle school and high school. and they are overly enthuse assic. you can't condemn a parent for being -- enthusiastic.
you can't condemn a parent for being proud. if their child wants to engage in sports you can't condemn them for trying to get the best doctor and best instructor and those parents were not protected. deafening silence. sexual abuse in children is intolerable in any context and we must take appropriate measures to eliminate it from youth sports. they look to adults to keep them safe. we all have a responsibility to do so with s. 534. we have an opportunity to ensure individuals abide by this. dentists, social workers, teachers, daycare workers are already bound by law to report suspected abuse to law enforcement. timely, s. 534 will require the same of -- finally, s. 534 will require the same of adults who are part of the national governing bodies of various sports the urgent need of this legs is -- is best illustrated by the horrible abuse and exploitation of numerous young
gymnasts at the hands of dr. larry nassar who victimized young athletes participating in u.s.a. gymnastics over the course of 20 years. 20 years. two decades. all of our hearts should break, and in those 20 years, there are lives ruined that will never be the vibrant, excited young women that they were as they entered this wonderful experience of showing their proudness, their genius and their strength. the stories of abuse and suffering of these young women are heartbreaking. many complaints of sexual and other abuse for years. allowing them to repeatedly victimize gymnasts as young as 6 years old. not keeping track of complaints made it possible for them to commit multiple acts over time. we entrust the young athletes to those that will uphold the
trust and not abuse it. more than 150 girls and women were recently quoted as saying, he has a personality, the skill, the knowledge and he's using it to prey on people. what a waste. last week a michigan judge sentenced nassar to a prison sentence up to 175 years. the judge described -- called nassar's assaults on scores of girls and women under the pretense he was treating them as precise, calculated, manipulative, devious, despicable. she also indicated what a debasing human being he was and is. we must continue to do more to help protect our young athletes, and this bill will greatly assist in this effort. however, i must note a concern with the bill has -- a change the bill had -- that would make to the senate-passed version of 534. the bill would authorize funding to be provided for the
u.s. center for safe sport in the amount of $1 million for each of the next four years. unfortunately, the version of the bill before us strips this funding authorization. i believe we should have taken up the senate bill without amendment. safe sport is charged with important responsibilities under this bill with respect to receiving and investigating all allegations of abuse and setting policies to prevent future abuse. so this bill has taken out that language in the senate. it is critical we ensure the center is provided the resources for those things to be done immediately. by doing so i hope we will prevent the type of abuse and suffering perpetrated by the people like larry nassar. in a recent open letter from the u.s. olympians, paraolympians association, athletes everywhere, they said the goal is to play sport at the harmonious develop of humankind, womankind, concerned with the preservation of human
dignity. now we must ask, how can athlete dignity be preserved when the responsible institutions fail so in their oversight? . . in an pile gilletter issued last -- in an apology letter, the committee admitted it had failed its young athletes. that whole committee and system should be overhauled, reviewed, inspected and changed. while the u.s. gymnastics scandal is unfortunate, let it be an example and incentive to prevent such abuse from happening in the nooks and crannies of this nation, in the villages and cities and counties where young people that are starry-identify and ready to september leadership of an -- starry-eyed and ready to accept the leadership of an adult are able to show their talent, strength and resolve. i hope we'll never end that here in america. accordingly, i encourage mying colleagues to join me in support -- my colleagues to join any in supporting this important legislation and i hope we'll see fit to fund it and i reserve the balance of my time. the speaker pro tempore: the
gentlelady reserves the balance of her time. the gentleman from texas. mr. poe: mr. speaker, i appreciate the comments of my friend from texas. just so it's clear, i agree with you on the money. should have been funded. but it was ruled an earmark. and we can't do earmarks anymore. so we have to go through another process to get that funding. good reason why we ought to have earmarks. mr. speaker, i yield myself 30 seconds. the speaker pro tempore: the gentleman is recognized. mr. poe: amanda barteran. here's what she said at the sentencing hearing. i refuse to let larry nassar take anything more from me. he's already taken enough. nicole walker, here's what she said at the sentencing hearing. i have anxiety and sleep disorders all because of what you, nassar, did to me. mr. speaker, i'll now yield three minutes to the gentlelady
from indiana, mrs. brooks, a former u.s. attorney. the speaker pro tempore: the gentlelady is recognize for three minutes. mrs. brooks: i thank the gentleman from texas for yielding. mr. speaker, i rise in support of this legislation, senate bill 534. i also want to thank my colleague from the other side of the aisle, co-chair of the women's caucus that i co-chair, representative lois frankel of florida, for helping me get this bill to this point and helping us support senator feinstein and senator thune as they move the bill in the senate. in less than two weeks, over 200 american athletes will represent our nation at the highest levels of sports in the 2018 olympic winter games in pongchang. these athletes have prepared their entire lives for these games and their performances are a result of countless hours of practice, self-discipline and sacrifice. tragically we've also learned that many of our young athletes have been subjected to sexual
abuse at the hands of those who were supposed to be supporting them reach their olympic goals. we've seen more than 156 women use their voices to share their agonizing stories of sexual abuse at the hands of a doctor they and their parents were told to trust. dr. larry nassar. their decision to publicly reveal their traumatic experiences is nothing short of heroic and was instrumental in ensuring that nassar will never again touch another young athlete. now, after a 2016 "indianapolis star" investigation exposed what is now known as the worst sexual abuse scandal in athletics to date, we are taking action to prevent this heinous action from ever taking place again. today the house will vote on protecting young victims from sexual abuse and safe sport authorization act of 2017. this bipartisan legislation
mandates training, increases requirements for reporting abuse, and reforms a broken system that has fail to do many victims -- that has failed too many victims. this bill requires any individual who interacts with our amateur athletes to report suspected child abuse, including sexual abuse within 24 -- including sexual abuse, within 24 hours. if they fail to do so, they'll be held accountable by the new law. to prevent future emotional, physical and sexual abuse this bill designates the united states center for safe sport to develop, implement and enforce policies, procedures and mandatory training for national governing bodies and their members. the center will ensure that when reports of abuse are made, they are investigated. it protects those who report abuse from retaliation and as common sense would dictate, it requires that until the investigation is closed, an adult who is subject to allegations of abuse against a minor is prohibited from
interacting with minors. as the nassar sentencings come to a close, and the olympic games quickly approach, we are reminded of the importance of protecting the safety and well-being of all of our athletes. today we are strengthening protections for victims, to ensure transparency and accountability, and putting the safety and the health of our athletes and every young athlete who has ever dreamed of the olympic stage first. i thank the gentleman for consideration of this bill and urge my colleagues to pass the senate bill. i yield back the balance of my time. mr. poe: i reserve. the speaker pro tempore: the gentlelady reserves the balance of her time. the gentleman from texas reserves his time. the gentlelady from texas. ms. jackson lee: mr. speaker, it's my pleasure to yield three minutes to the gentlelady from florida, ms. frankel, the co-sponsor, original co-sponsor, of the house bill, and thank her for her leadership on these issues. i yield the gentlelady three minutes. ms. frankel: thank you, mr. speaker. i want to thank mr. poe and ms. jonsson for leading this debate
today and of course -- sorry, miss jackson lee. and i of course want to thank susan brooks -- ms. jackson lee. and i of course want to thank susan brooks. this is an example of bipartisan at its best. and of course dianne feinstein over in the senate whose bill we're taking up, our companion bill. mr. speaker, i rise in support of the protecting young victims from sexual abuse and safe sport authorization act. it's a long name, but it's important. it came about on the heels of reports of sexual abuse at the highest levels of the u.s.a. gymnastics. #me too has come to the olympics -- #metoo has come to the olympics. and we've heard from more than 150 very brave young women, extraordinary not only in their
talent but in their courage, who have shared their harrowing stories of sexual abuse at the hands of a doctor, larry nassar. who they were told to trust. one of these stories is from maddie larson, who is a budding young gymnast and a future olympic medalist. at age 14, she hurt her hip and was sent to dr. nassar. the well-known and now disgraced doctor. who cared for hundreds of athletes like maddie. instead of healing her hip, he crippled her mind. for five years this doctor molested this young woman. as she became so desperate at one point that she feigned a slip and fall and a concussion just to try to get out of ever going back to the olympic
facility. maddie said, i just couldn't take it anymore. any more abuse. i was broken. larry, my coaches and u.s.a. gymnastics turned the sport i fell in love with as a kid into my personal living hell. these children, they're children, like maddie, who want to represent our country and give up so much their childhood, getting up early, practicing hard and weekends, going to competitions, and then only to be subjected to sexual abuse by the team doctor and then either ignored or encouraged to keep silent. and i say shame, shame, shame on those who enabled this. it may be too late to protect addie and olympic stars like aly raisman, but this legislation, by requiring
prompt reporting and notified procedures, will protect our future young athletes and i urge my colleagues to support this very, very good, bipartisan legislation. and, mr. speaker, i yield back. the speaker pro tempore: the gentlelady yields back the balance of her time. the gentlelady from texas reserves her time. the gentleman from texas. mr. poe: mr. speaker, catherine gordon said this at the sentencing. sexual assault is distant until you realize each girl in the news is a broken mirror. i now will yield two minutes to the gentleman from michigan, mr. bishop. the speaker pro tempore: the gentleman is recognized. mr. bishop: mr. speaker, i rise today in support of s. 534, the protecting young victims from sexual abuse act of 2018. i thank the gentleman from texas for giving me this opportunity to speak. mr. speaker, last week was a tough week in my district and our country. in a courtroomy lansing, michigan, 156 victims, one by
one, bravely faced debraved sexual predator larry nassar to recount their personal story of unimaginable and despicable atrocities. as we now know, reports of sexual misconduct were routinely dismisd or flatly ignored by the -- dismissed or flatly ignored by the management of u.s.a. gymnastics. as a direct result, hundreds of young women, all of whom relied on these trusted professionals, all around them, were sexually assaulted under the guise of medical treatment. the court did its part this week in sentencing nassar to a prison term, a maximum prison term, where he will spend the rest of his life. but the investigation continues and others will be held accountable in days to come. on our part, during this process, members of congress must do everything in their power to ensure that this never happens again. with that as our objective, i believe this bill takes a dramatic step in the right direction. now, i must say in all candor, i stand before you today in
absolute disbelief, disbelief in the layers of miss management that should -- mismanagement that should have prevented this from happening. but also disease belief that it takes an -- disbelief that it takes an act of congress to ensure a chartered organization fulfill its obligation to care for and protect the young athletes with whom their parents have entrusted. mr. speaker, i would like to join my constituents in offering our heartfelt prayers to the victims and their families for the nightmare that they have experienced. to all of you, please know my colleagues and i will do everything in our power to be your strong advocate and to ensure justice. i urge all members to advocate and support this legislation. with that, mr. speaker, i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. mr. poe reserves his time. the gentlelady from texas. ms. jackson lee: does the gentleman have any other speakers?
mr. poe: yes. i have one more speaker besides myself to close. ms. jackson lee: let me yield myself such time as i may consume. the speaker pro tempore: the gentlelady is recognized. ms. jackson lee: as we've listened to various speakers, i'm glad that we're joined by men and women of the united states congress. and all of us have indicated the sad innocence which we do this now. i think it is also important to take note of the fact of individuals who have to be held responsible. we know that the president of the university was asked to resign or in fact has resigned. and as we go forward, there will be others as well. this should be the clarion call. even as this legislation is passed and signed by the president, for all of these agencies and associations that
run sports for children, to do their own vetting and internal assessment of individuals who are not there for the benefit of children, but are there for the benefit of themselves. 156 women-plus were molested by this doctor. and one of the victim it's said something -- victims said something that stops your breath. this could have been stopped in 1997. more than 20 years ago. so, this legislation should move swiptly to the president's desk -- swiftly to the president's desk. and with that i reserve my time. the speaker pro tempore: the gentlelady reserves the balance of her time. the gentleman from texas. mr. poe: mr. speaker, i yield two minutes to the gentleman from minnesota, mr. paulson.
the speaker pro tempore: the gentleman is recognized. mr. paulsen: i thank the gentleman for yielding. i thank the gentleman for his leadership and the author for her leadership on this issue. i rise in support of the protecting young v.i.m.ity -- victims from sexual abuse act. in the wake of the horrendous revelations of sexual abuse brought to the forefront by the recent u.s.a. gymnastics case, it is clear that measures do need to be put in place to protect young athletes and keep them safe. there is no child that ever should be put in the position of having their innocence robbed from them, which is why we need to have the highest protections of the law from those looking to exploit them and take advantage of their vulnerability. . i would encourage my colleagues to join me in supporting this bipartisan bill which would have governing bodies immediately report sexual abuse allegations to local or federal law enforcement and also to make it safe and easy for victims to report that abuse. as the olympics approach, there's no doubt we will be all be reminded, unfortunately, of the recent sexual abuse case that took place with the
gymnastics team but this is our opportunity, members, to take action, to do everything in our power to make sure this does not happen again and to protect all our young and future athletes, giving them the confidence they will never be put in a situation where an adult or someone who may have inappropriate intentions does not have the ability to do so. and with that i yield back. thank you for the time. the speaker pro tempore: the gentleman reserves. the gentleman from texas reserves his time. the gentlelady from texas. ms. jackson lee: again, does the gentleman have any further speakers? mr. poe: i'm ready to close. ms. jackson lee: with that, then i'll close. hank you so very much. win he read the quote from the accuser that said, this could ve been stopped in 1997, the article's headline is that
eight times larry nassar could have been stopped. eight times. so it's important to take note of this legislation as a clarion call and these words are most important and, again, i ask to consume such time as i might consume. the speaker pro tempore: the gentlelady is recognized. ms. jackson lee: thank you. this provision makes it unlawful for an adult who is authorized by a national governing body and member of a national governing body or amateur sports organization that participates in intrastate or international amateur athletic competition to interact with a minor or amateur athlete at specific events to fail to report as soon as possible child and sexual abuse to local law enforcement or another agency. many times many mebs of the judiciary committee don't like wide nets. we have a responsibility to adhere to the constitution.
but we are as well the committee that has the responsibility of upholding the rule of law. and to all of those who are now in this wide net, that is the rule of law, to be able to protect our children against massive sexual abuse as they pursue their dreams. just a comment. the requirement would arise on a person that learns of the facts that give reason to suspect that a child has suffered an incident of sexual abuse, including sexual abuse, and, therefore, those who can say or attempt to say, i couldn't understand what the child was saying, it wasn't clear but they got a sense there was a problem, they come under that net. i believe that that is appropriate. let me also indicate that there's a long list of sheroes
that have been impacted by dr. nassar. my constituent stated on january 16, the former olympic gymnast who wild the world, simone biles, said she was abused by dr. nassar. and those makaely, gabby douglas, they represent the country and made us proud. can you imagine they were abused? let me thank the many organizations that have worked hard to advance this legislation, including rape abuse and incest national network, rain, the nation's largest anti-sexual violence organization, they have been magnificent. and i'd like to enter into the record a number of letters, mr. speaker, because each day approximately 600 individuals affected by sexual violence are served, most of whom are
children or parents seeking support. and they're served by this organization. the speaker pro tempore: without objection. ms. jackson lee: let me introduce into the record, mr. speaker, the letter supporting this legislation from rain, which urges the house of representatives and others to pass this legislation so that it can move quickly into the position to be signed by the president. the speaker pro tempore: without objection, so ordered. ms. jackson lee: every two minutes in america someone is sexually assaulted. every eight minutes that person is a child. thank you. let me add from the u.s. olympians and paraowe livians, dick, track and field, willie banks, track and field, allison, speed skating, carl brown, rogue, candace, track and field, karen davis, micky king, carol lewis, track and field, john neighbors, swimming. bill thome, track and field,
iris zimmerman. i ask unanimous consent. the speaker pro tempore: without objection. ms. jackson lee: likewise, a -- letter d the 24th from the child welfare league of america who worked on this issue, asked unanimous consent to submit theirs into the record. the speaker pro tempore: without objection. ms. jackson lee: the d.c. coalition against domestic violence that has worked along with rain and as well has emphasized that the nation's youngest have been impacted by this dastardly series of actions. ask unanimous consent. the speaker pro tempore: without objection. ms. jackson lee: a letter from professor emeritus from depaul university, were howard ruben, who speaks about the sexual abuse, my wife, barbara, knew the lasting damage that's caused when a child is abused having been a child victim, and he asks that his support for this be submitted into the
record. the speaker pro tempore: without objection. ms. jackson lee: the national children's alliance that has been working with other advocacy groups and, again, long standing work against child abuse supporting this legislation, ask unanimous consent. the speaker pro tempore: without objection. ms. jackson lee: and child u.s.a., let's end child abuse and neglect, this bill would shine much-needed sunlight on the problem of abuse in sports. it will protect children in the future. ask unanimous consent. the speaker pro tempore: without objection. ms. jackson lee: finally, mr. speaker, i want to thank mr. poe for his long standing work on these issues. the two house co-sponsors and the senator, and i want to end with that volcano, that volcanic action and there was no reaction but deadening silence. let us with the passage of this bill begin the journey of commitment, along with our acknowledgment of the me too movement that we will never be silent again.
with that i ask support of the legislation and yield back. the speaker pro tempore: the gentlelady yields back her time. the gentleman from texas. mr. poe: mr. speaker, i yield myself the remainder of the time. the speaker pro tempore: without objection. mr. poe: thank you, mr. speaker. i want to thank the gentlelady from texas for her support of the legislation but also her longtime working on these issues of victims of crime and her involvement in legislation in the past and in the future on matters such as this. this is not a happy event, mr. speaker. this legislation, as mr. bishop said, it's unfortunate that congress has to get involved in this issue. and congress is going to get involved and we're going to try to rectify the problems of the past and hold people accountable for crimes in the future. the are talking about symbol of everything that's
good and right and beautiful about america, these olympics, the olympians, and particularly the gymnasts that represent america. the training they go through. the zeal for which they represent our country and work. and yet while all of that was going on, bad things were happening to them. and our gymnasts that just participated in the last olympics who won medals, gold medals, they endured abuse but yet they went forward to represent our country in the united states olympics. and people who harm those girls and other athletes, male and female, they need to be held accountable. not just larry nassar, but
other people need to be held accountable. this is where law enforcement needs to be involved. i'm a former judge, you know that. i want to commend the judge in this case. judge rosemarie aquilina, for allowing all of these victims to testify in open court, the courage to come forward and tell very difficult things, things that are difficult for us to even listen to here on the house floor and they said it and they wanted the criminal to know what he had done to them impacted them. so i want to congratulate the judge for allowing that but also the sentence that she imposed. i want to read a few more of the statements, mr. speaker. jessica rodriguez. u.s.a. gymnastics should be
held accountable for each and every one of these acts of abuse they allowed to happen. taren looke. i was still a child. i wanted to end my life. mattie larson. i was at the height of my career at 19, and the olympics were just a year away and i just couldn't take any more of the abuse. i was broken. larry, my coaches, and u.s.a. gymnastics turned a sport i fell in love with as a kid to my personal living hell. r. speaker, all of these brave americans came forward and testified about what had happened to them. and we should -- they're all olympians for that. they all deserve the gold medal for what they did for --
represented our country and their strength and their courage to testify in open court about what happened to them. the defendant, the criminal, the convicted criminal wrote a letter to the judge, mr. speaker, saying he couldn't -- abuse dn't take all this against him for having to listen to all of the statements by the victims. are you kidding me? he's not the victim. he's the criminal. and he belongs in jail. he belongs in jail as these victims have said for the rest of his life to keep him away from little girls. and i'm glad that that's where he is going, but he is not a victim. his mental abuse -- his mental
abuse that he occurred -- caused on victims of crime, he needs to remember what he had done. and i'm glad that we have finally got this legislation passed in such a quick method. it's proof, mr. speaker, we can work pretty fast and we also can work in a bipartisan and we can also work with the senate getting legislation that's important to america passed. i want to read one last statement. and i ask unanimous consent, mr. speaker, to introduce into the record the 133 written statements that i have subject to length, limitation -- length limitation in the record. the speaker pro tempore: without objection. mr. poe: here's what natalie woodard said. i am strong, i am beautiful, i am bold, and no one, especially you, nassar, can take that away
from me. and while standing up here, i realize that i am not alone. and she's not alone. we're on her side. we should be on the side of victims of crime. and this legislation will promote a better atmosphere, a lawful, a good atmosphere for our gymnasts and other athletes to work in. and the people who committed these crimes need to be held accountable and society has started with the first culprit, larry nassar, and there should be more to follow. and that's just the way it is, mr. speaker. i yield back. the speaker pro tempore: the gentleman yields back his time. all time has expired. the question is will the house suspend the rules and pass senate bill 534, as amended. those in favor say aye. those opposed, no.
in the opinion of the chair, 2/3 having responded in the affirmative, the rules are suspended, the bill is passed, and without objection -- the gentleman from texas. mr. poe: i ask for the yeas and nays. the speaker pro tempore: the yeas and nays are requested. all those in favor of taking this vote by the yeas and nays will rise and remain standing until counted. a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this question will be postponed.
the speaker pro tempore: the clerk will report the title of the bill. the clerk: union calendar number 388. h.r. 1457. a bill to establish requirements for use of a driver's license or a personal identification card by a certain -- by certain financial institutions for opening an account or obtaining a financial product or service and for other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from colorado, mr. tipton, and the gentlewoman from new york, ms. have a lalkezz, each -- ms. velazquez, each will control 20 minutes. the chair recognizes the gentleman from colorado. mr. tipton: mr. speaker, i ask unanimous consent that all members may have five legislative days in which to revise and extend their remarks and include extraneous materials on this bill. the speaker pro tempore: without objection. mr. tipton: mr. speaker, i yield myself as much time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. tipton: mr. speaker, as financial service products continue to merge with ever-evolving world technology, the opportunities to reach unbanked and underserved households also continues to
increels. according to the federal deposit -- increase. according to the federal deposit corporation, 19.9% of the u.s. population is underbanked. the fd, i -- fdic has concluded previously that local banking is well positioned to meet needs of local consumers, as well as consumers at the risk of foreclosure. providing mobile financial service products to these households has shown to improve their financial outcomes by giving consumers more control over their finances. which helps households avoid burdensome fees and allows them to manage necessary payments more conveniently. further, research suggests that nearly 3/4 of all underbanked households have access to a smartphone. and that more than 1/3 of underbanked households used mobile banking in the past year. in particular, the fdic found that mobile financial services improved account stability by helping underserved consumers
successfully manage and maintain bank accounts. unfortunately access to mobile financial service products is not equal in the united states. the making online banking initiation legal and easy act remedies this lack of parody. by establishing a uniform policy nationwide. allowing financial institutions to record personal information from driver's licenses for the purpose of opening a bank account with a scan or a copy. the mobile act creates uniform access to helpful financial products and provides certainty to financial institutions to offer a full range of mobile banking products to all consumers nationwide. while the mobile act brings consistent law across the united states, it is careful to protect consumer privacy information and existing state privacy laws. the bill requires a financial institution to -- institution to delete all copies of the driver's license and personal identification after having used them for the purposes of opening an account. legislation is also careful not
to reduce any financial institution's commitment to comply with federal and state laws aimed to prevent identity theft, financial fraud, money laundering or know your customer and customer identification programs. a federal reserve report from 2016 found that mobile banking use was rising at relatively fast rate, reporting that 43% of all mobile phone owners with a bank account had used mobile banking in the past 12 months. up from 39% in 2014 and 33% in 2013. following this trend, the use of mobilebacking -- banking will continue to grow. and the mobile act ensures every consumer across the country who want -- who wants to use a mobile banking product is able to do so. this bill passed out of the financial services committee on a unanimous bipartisan vote. the mobile act provides consumers easier access to the highly regulated financial services industry by simplifying their ability to open an account through the process of scanning or copying their state-issued identification card. as one state banking
association wrote me, this legislation is mutually beneficial to both financial institutions and their customers. the mobile act will help expand access to critical banking services for underbanked populations, by offering similar retail services through mobile technology. increasing access for mobile financial service products also means giving rural customers like many of the small towns i represent in colorado, access to financial success. while many of us can drive a short distance, walk to a bank to be able to open an account, there are rural communities where fiscal bank locations are few and far between. by allowing them to be able to use smartphones to esngs -- essentially have bank accounts in their pocket, geography is no longer a constraint to accessing financial service products. all families should have the tools that they need to be able to achieve the financial stability and the prosperity that the mobile act will provide. mr. speaker, this legislation is important for future financial health of our
nation's customers and i urge its passage here today. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlelady from new york is recognized. ms. velazquez: thank you, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: without objection. ms. velazquez: thank you. h.r. 1457, the making online initiation easy or gal, it allows a financial institution to scan a consumer's driver's license or consumer i.d. card when a consumer wants a financial product or service. at a time when more americans are conducting their business online and through their phones, the mobile act will help expand access to banking products and financial services for those consumers who do not have access to a traditional brick and mortar financial institution by allowing consumers to utilize their smartphones to open a checking
or savings account. while financial inclusion has increased significantly over the past 20 years, still too many americans do not get their basic financial needs met by traditional financial service providers. for example, in june, 2016, the obama administration released a report indicating that about 7% of american households still lack access to a bank account and another 20% supplement their bank account with nontraditional financial services like check cashing or payday loans. technology -- technological innovations in the financial industry and commonsense proposals like the mobile act here in congress will continue to help us close this gap. the bill will expand credit opportunities for consumers that cannot easily get to a banking person and provides them access to innovative new products that can improve their
overall financial health. an amendment in the nature of a substitute was adopted in committee that makes the mobile act even stronger and i want to thank mr. tipton for putting this improvement forward. this improvement requires financial institutions to permanently delete copies of consumers' i.d. cards within a reasonable amount of time after they have opened the account, make clarifying changes to better harmonize the bill's requirements with federal bank secrecy laws, and recognize identification cards issued by federally recognized indian tribes as an acceptable identification card. perhaps most importantly the bill also prohibits financial institutions from selling or otherwise sharing the personally identifiable information they collect on consumers with unaffiliated
third parties. the bill is supported by several financial technology and industry groups, including the innovative lending platform association and the financial services round table. again, in a day and age when more and more americans are conducting their business online and through their smartphones, but still continue to lack access to traditional banking services and financial products, we need to be doing all we can to simplify the process and encourage account openings through these platforms. the mobile act is a strong step in that direction and i have been proud to join the bill as a co-sponsor. i encourage members to vote yes. i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves the balance of her time. the gentleman from colorado. mr. tipton: i continue to reserve, mr. speaker. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlelady --
ms. velazquez: i yield back, mr. speaker. the speaker pro tempore: the gentlelady yields back the balance of her time. the gentleman from colorado. mr. tipton: i yield back the balance of my time, mr. speaker. the speaker pro tempore: the gentleman reserves his -- suspends his time. the question is, will the house suspend the rules and pass the bill, h.r. 1457, as amended. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, -- mr. tipton: mr. speaker. the speaker pro tempore: the gentleman from colorado. mr. tipton: on that i request the yeas and nays. the speaker pro tempore: the yeas and nays are requested. all those in favor of taking this vote by the yeas and nays will rise and remain standing until counted. a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this uestion will be postponed. for what purpose does the gentleman from colorado seek recognition? mr. tipton: mr. speaker, i move to suspend the rules and pass the bill h.r. 1426. the speaker pro tempore: the
clerk will report the title of the bill. the clerk: union calendar number 395. h.r. 1426. a bill to amend the homeowners loan act to allow federal savings associations to operate as national banks and for other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from colorado, mr. tipton, and the gentlewoman from new york, ms. velazquez, each will control 20 minutes. the chair recognizes the gentleman from colorado. mr. tipton: mr. speaker, i ask unanimous consent that all members may have five legislative days in which to revise and extend their remarks and include extraneous materials on this bill. the speaker pro tempore: without objection. mr. tipton: mr. speaker, i yield myself as much time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. tipton: mr. speaker, mutual savings banks, cooperative banks and mutual savings and loan associations are essential community-based financial institutions. they have a long history of serving their neighbors and promoting smalltown economic growth. however, many of these benefits once given to federal savings associations also known as
2015s have encouraged community growth -- thrifts that have encouraged community growth have been stifled under the dodd-frank act. dodd-frank eliminated many of the benefits provided to the federal savings association. the whole restrictions unfortunately remain. these restrictions have left federal savings associations at a disadvantage and without the flexibility needed to adapt to meet community needs and as a result of forcing many mutual banks to either close or merge with other institutions, meaning fewer and more expensive choices for consumers hoping to financial important purchases. h.r. 1426, mr. rothfus' bipartisan legislation, passed out of the financial services committee unanimously. it would help to preserve these important community financial institutions by providing mutual banks with the framework to become covered savings associations. this process would provide them the ability to be able to operate with the same rights and duties as a national bank without subjecting them to
complex, time-consuming and costly charter conversions. providing thrifts the flexibility would give the institutions the ability to be able to exceed the commercial and consumer loan limits that apply under the homeowner loan act. but continue to benefit with their structure for purposes of consolidation, merger disillusion, conservatorship and receivership. because the office of the comptroller of the currency already supervises both national bank and federal savings association charters, it is uniquely positioned to be able to provide structural framework for the election process that would transition the rights and duties of a national bank to a thrift. this bill directs the o.c.c. to develop a series of rulemakings to outline the election process, while also rirg safeguards to prevent malpractice in the transition process, as well as abuses to the new structures once it's been instituted. community financial institutions should be given the tools that they need to
lend effectively to their communities and this bill creates legislative landscape for savings associations to do just that. ultimately the bill creates opportunities for the families of businesses to access financing for their important purchases from buying a home to expanding a business. federal savings associations have a long, proud history of being response to have their communities' needs and this legislation will help them to enhance and continue that record. i cannot give more emphatic support to this commonsense, bipartisan legislation than that, mr. speaker. and i urge my colleagues to support this measure. i reserve the balance of my time. . the speaker pro tempore: the gentleman reserves. the gentlelady from new york. ms. ve laz quezz texas i yield myself such time as i may consume. the speaker pro tempore: without objection. ms. velazquez: currently, the limitners limitation acts the amount of loans a person can make.
it includes a rirpte they held a certain percentage of qualified investments. these restrictions are not currently faced by national banks and other financial institutions. if a bank decides it wants to engage in more commercial lending or wants to expand beyond what is allowed under current law, they have to undergo a time consuming process of converting the stock form of their organization in order to apply for a national bank charter. for smaller banks in particular, the charter conversion process can be costly. h.r. 1426 solve this is problem by amending the homeowners' loan act and creating an election process for free to operate as a national bank without having to convert this charter to a national bank this proposal originated from former comptroller curry in 2014 to give flexibility with respect to
the current limitations on the amount of commercial and consumer loans that it can hold. while the terms and conditions of a charter are important, we should be careful about blurring lines. therefore i'm pleased that they can reject providing the flex to believe the a particular group under this bill and can take other supervisory actions to promote safety. according to the fdic, there were 768 last september compared to nearly 5,000 state and national banks and all but 15 of these rates have less than $10 billion in asset which is underscore this bill will mostly help small institutions better serve their communities. former comptroller curry describes the proposal as a tool for enabling them to diversify
their loans portfolio, maintain their federal cheart and retain the o.c.c. as their regulator. i want to thank mr. rothfus and mr. hines for introducing this bipartisan bill and i will urge my colleagues to support it. i yield back, if the gentleman doesn't have any other speakers. i reserve. the speaker pro tempore: the gentlelady reserves. the gentleman from colorado. mr. tipton: i'm pleased to yield five minutes to the gentleman from pennsylvania, the vice chairman of the financial services subcommittee on financial institutions and the sponsor of this legislation. mr. rothfus. the speaker pro tempore: the gentleman is recognized. mr. rothfus: i thank my good friend for yielding. i thank my colleagues on both sides of the aisle for their support of this important, bipartisan legislation, especially the lead democratic co-sponsor, representative jim himes from connecticut. the federal savings association charter flexibility act is a
commonsense reform bill that will help to ensure that community banks, many of which have histories stretching back for generations, can continue to serve the needs of main street businesses and families, specifically this bill focuses on federal savings associations also known as thrifts. these institutions are similar to national banks in the sense that they are both chartered and regulated by the office of comp troller of the currency and the fdic but these banks are constrained in their ability to pursue certain lines of business under the homeowners' loan act, hola. specifically, hola subjects federal thrifts to lending limits. under what's known as the act, atd thrift lending least 40% must comprise certain mortgage and consumer related assets. they are also restrained in their ability to hold commercial loans, paper, or corporate debt.
national banks can engage in a wider range of activities. these restrictions made sense because thrifts enjoyed advantages not afforded to national banks but changes in law have curtailed or limited hose benefits and some thrifts have said these restrictions from being able to meet their customers' needs. the federal savings association charter flexibility act provides banks with additional flexibility to ad just to changing times and continue to serve their communities despite these persistent head ways. under current law, the only option available costly and complicated conversion to a national bank charter. this is particularly burdensome -- a particularly burdensome process for mutually chartered federal thifts since it requires they first convert to stock form before converting their charter.
the federal savings association charter flexibility act provides another less disruptive option. under my bill, federal thifts will have the ability to pursue a path to allow them to operate with the same rights and duties a these national bank. but these banks will not have to go through the costly and cumbersome process of converting to stock form and then rechartering. instead the bill sets up a simple, 60-day election process that will allow institutions to become covered savings associations. it will also require the o.c.c., which has been supportive of this legislation and has responsibility for regulating federal savings associations and national banks, to establish an orderly and streamlined transition process. this bill also includes important safeguards to prevent potential fire sales of assets and subsidiaries in the transition process and protects the o.c.c.'s ability to prevent firms from abusing the new structure. altogether this effort will help to ensure that time-tested community financial institutions
will continue to be able to serve their customers were years to come. the federal savings association charter flexibility act that is he -- has theport of the american banksers association and the independent community bankers of america. tls also bipartisan and it passed the financial services committee with a 55-0 vote. similar language has been included in the bipartisan senate banking committee package also. in short this bill represent thegs sort of reasonable commonsense across the aisle reform that our constituents want to see. i want to briefly share some comments from the pennsylvania bankers association which represents a wide range of banks in the commonwealth of pennsylvania. in their letter of support for this bill they wrote, quote this legislation represents sound, sensible regulatory relief they also added that, quote, federal savings associations are known for being responsive to their communities' needs and this legislation will help them to expand and continue to do. so i ask that my colleagues support h.r. 1426, the federal
savings association charter flexibility act, and i yield the balance of my time. the speaker pro tempore: the gentleman yields back his time. the gentleman from colorado reserves his time. the gentlelady from new york. ms. velazquez: i yield back. the speaker pro tempore: the gentlelady yields back. the gentleman from colorado. mr. tipton: i yield back the balance of my time. the speaker pro tempore: the gentleman yields back his time. all time has expired. the question is will the house suspend the rules and pass the bill h r. 1426. those in favor say aye. those opposed, no. in the opinion of of the chair, 2/3 being in the affirmative, the rules are suspended, the bill is passed, and without objection, the motion to reconsider is laid on the table. for what purpose does the gentleman from colorado seek recognition? mr. tipton: i move to suspend the rules and pass the bill h.r. 2255 as amended. the speaker pro tempore: the clerk will report the title of the bill. the clerk: h.r. 2255, a bill to clarify that nonprofit
organizations may accept donated mortgage appraisals and for other purposes. the speaker pro tempore: pursuant to the rule, the gentleman from colorado, mr. tipton, and the gentlewoman from new york, ms. ve laz quezz, each will control 20 -- ms. velazquez, each will control 20 minutes. the chair recognizes the gentleman from colorado. mr. tipton: i ask unanimous consent that all members have five lennell slative days to revise and extend their remarks and include extraneous material on this bhill. the speaker pro tempore: without objection. mr. tipton: i yield myself such time as i may consume. the speaker pro tempore: without objection -- the gentleman is recognized. mr. tipton: thank you for the opportunity to speak on behalf of these bills today. low-income housing advocates and homeowners seek to provide opportunities to qualifying individuals and families, these nonprofits rely on the generosity of others in their mission to accomplish this. they rely on meticulous budgets and a change in input cost can have seriousism case farce project's success as well as the
number of families the group can serve the dodd-frank act ncreased requirements for real estate appraise evers and transferred authority for them to cfbb. professionals furner appraisals for a fee that is customary and reasonable for the area where it is performed. however the cfpb does not provide -- define the terms customary and reasonable which left nonprofit housing organizations that they violate the law when the work of appraisers is donated. if nonprofit housing organizations are required to start paying for appraisal services, the dodd-frank statute unintentionally limits the number of families in need these nonprofit organizations than kevin. mr. troth 's legislation, the house -- mr. troth 's legislation, the -- mr. trot's legislation, the
will allow ding act these to be donated. this will ensure that housing nonprofit organizations can continue to provide incredibly important serb vises for as many in-need families in our communities as possible. i commend mr. trott for this legislation and i would also like to extend my voice to support h.r. 4281, the expanding access to capital for rural job creators act. as a former small business owner in a rural part of colorado i know firsthand how important access to capital is for the success of a small business. the majority of capital for small businesses is concentrated in urban areas and access to capital for rural small businesses can be difficult to come by. h.r. 4281 would require the s.e.c.'s small business capital formation to identify unique challenges that rural small businesses have in securing access to capital and require the small business advocate to
provide updates on its findings in its annual report. small businesses are the life blood of communs across our country. providing jobs and services to those they serve. this legislation will help working small businesses in rural communities continue to create jobs and grow their businesses. i'd also like to be able to give my support to representative sinema and representative poliquin, senior save act here today. it takes important steps to safeguard senior citizens from fraud and abuse by encouraging covered financial institutions to train supervazors -- supervisors, compliance officers and others on how to spot and stop predatory activity against senior citizens. it protects banks, credit unions and broker-dealers and their mes from civil or administrative liability when reporting fraudulent activity relating to senior citizens. if an employee is properly trained and reports such activity in good faith and with reasonable care.
this group of bills will make important and impactful changes for our communities and i'm pleased to see them considered here on the floor today. i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves his time they have gentlelady from new york. ms. velazquez feather i would like to yield two minutes to the -- ms. velazquez: i would like to yield two minutes to the gentlelady, ms. sinema. the speaker pro tempore: the gentlelady is recognized. ms. sinema: thank you. thank you to congressman trott of michigan for your leadership in moving this package forward. one of the solutions in this package is h.r. 375 , the senior safe act, legislation we introduced to protect seniors from financial fraud and abuse. mr. speaker, one in five american seniors within a target of financial abuse and seniors lose an estimated $2.9 billion a year to financial exploitation. the financial institutions that serve america's seniors are in a unique position to protect and
identify the suspicious patterns with ive i that occur abuse. unfortunately, they don't have the flexibility to report this behavior. that's why we introduced the senior safe act. our bill helps individuals in financial -- financial institutions safely communicate ince stances of fraud to law enforcement authority. it creates incentives for firms to train their employees to identify fraud and shields those who report suspected fraud from legal liability. it accomplishes that while providing reasonable legal safeguards while protect -- for protecting citizens' data. t was just four months ago the c.e.o. of equifax came before congress to testify about the data breach that affected 140
million americans. those who breach the public trust must be held accountable and we must do all we can to inimize the effects. millions of american seniors are now more vulnerable to financial abuse. it's all but certain we'll see increased attempts at fraud. this is an important step to protecting those at risk by ensuring institutions can spot fraud, report it, and stop abufse the elderly. i'd like to thank representative waters and congressman poliquin of maine for working with me on this we are proud to work across the aisle to get things done and will continue to work to protect seniors around get results if arizona. thank you, mr. speaker, i yield back. . the speaker pro tempore: the gentleman from colorado. mr. tipton: i yield five minutes to the gentleman from michigan, a member of the financial
services committee, mr. trott. the speaker pro tempore: the gentleman is recognized. mr. trott: i thank my friend for yielding. i rise in support of h.r. 2255, the housing opportunities made easier or the home act. i want to thank my good friend from new jersey for being the lead democrat on this bill and i appreciate his bipartisan leadership and his efforts to bring this bill to the floor for a vote. i would like to thank my colleague in the senate, senator portman. it has been a pleasure to work with him and other nonprofits are able to continue their important mission. i want to thank chairman hensarling for his support in the financial services committee. during my first term in congress. i along with my entire district office had the opportunity to join habitat for humanity. it was great fun helping them build a michigan family's home
and habitat for humidity and other nonprofit housing organizations do more than just build a home. these nonprofits offer families who live in their homes no or low-interest homes make the dream of owning a home. before the loan may be approved, professionals volunteer their services so the nonprofit doesn't incur additional expense. met with habitat leaders to ensure their homes are made affordable. under the new law, all appraisers must be paid a reasonable fee for their work. where does this leave nonprofits? they must not get donated appraiseals. in fact, habitat told me these complex rules have tripled the
cost of originating loans. this is a problem in rural areas where appraisers are required to be come pen stated for mileage expenses. they may to stop or limit their work all together denying service. my bill passed out of committee with a unanimous bipartisan vote of 55-0, and would exempt nonprofits from this rule allowing them to accept donated appraiseals which will lower the cost. we in congress should stand by their stand and not in their way. this bill provides a donated appraisal may be customary and reasonable in benefiting charities. it is a simple targeted fix that does nothing to harm the underlying law or dodd-frank. when i came to congress, i knew i would be fighting to small businesses that were ignored or
hurt by washington and never thought we would need to help charitable organizations. congress is helping to solve this unintended consequence. we cannot let dodd-frank undermine these organizations of providing homes to our neighbors in need. i thank the members for the unanimous bipartisan support. i urge my colleagues to support the work of worthy housing charities by voting yes on h.r. 2255 and i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from colorado reserves. the gentlelady from new york. ms. velazquez: at this time, i would like to yield two minutes to the gentleman from nevada. the speaker pro tempore: the gentleman is recognized for two minutes. kiki i thank the chairman for
including this important and bipartisan piece of legislation in the package the house is considering today. the people of nevada deserve a good job to help them provide for their families. unfortunately rural communities across the country have been hit particularly hard by shifts numb population as people move to bigger cities in search of employment opportunities. the changing demographics have made it harder for small businesses to get started and to survive. for too many, especially in our rural areas, have been left out and left behind from the economic growth we have seen in other areas of the country. i'm proud to sponsor this bill which will help expand economic opportunities for entrepreneurs and small businesses in nevada's rural areas. this bill will help identify and examine the unique challenges that these businesses face while
trying to secure access to capital. we can create a path to good-paying jobs and help make sure they have the tools to work towards a better life for themselves and their families. i hope my colleagues will join me in supporting this piece of legislation. and i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the gentlelady from new york reserves. the gentleman from colorado. mr. tipton: i yield two minutes to the gentleman from maine, mr. poliquin. the speaker pro tempore: the gentleman is recognized. mr. poliquin: thank you, mr. speaker. i appreciate it. and thank you, mr. tipton for managing this important bill. woy like to thank our chairman, mr. hensarling for moving this bill, this very important bill and onto the house bill. i would like to congratulate and thank mr. trott, a terrific representative from the state of and gan for all the work
charitable organizations throughout our country. the great state of maine that i represent, the rural part of our state has the oldest average age in the country. and we love our seniors not only in maine and they are very special parts of our society. my parents are 89 and 87. i'm very involved in their lives, especially in their health care, and i worry, mr. speaker, about our seniors. i worry about their health care. i worry about their safety. and one more thing i worry about, mr. speaker, i worry about them becoming victims of financial scams. now this happens throughout our country and has increasingly so, such that today, almost $3 billion is the result of scamming our seniors every single year. these con men have become
creative. one type of scam that i learned about just absolutely hits me ome, a grandmother receives an email from supposedly a granddaughter. and this granddaughter is stuck overseas in a country where she has been traveling and e mailing saying grandma, i need money. i'm in trouble. can you please wire $10,000 to this bank account in this country so i can get home and by the way, please don't tell mom and dad. can you imagine, mr. tipton, can you imagine the confusion and the heartache that grandparents would have receiving this email. the good news, the senior safe act, which i author here in the house is embedded in mr. trott's bill, h.r. 2255. and this bill, the senior safe act, now part of mr. trott's
bill will help stop financial scams of seniors before they happen. request additional time. mr. tipton: additional 30 seconds. mr. poliquin: it's a commonsense bill, such that if a bank teller speaks to one of their customers and the senior says, i would like to close my account and wire the proceeds overseas, this bank teller can stop, pause, call the authorities and say we might have a problem here, mr. smith. so let's get back to you on that and the teller can do it without retribution from our privacy laws. i ask my colleagues to please support h.r. 2255, which embeds or is embedded in the senior safe act or embedded in 2255. thank you, sir. i yield back.
the speaker pro tempore: the gentleman from colorado reserves. ms. velazquez: i yield back. the speaker pro tempore: the gentlelady yields back. the gentleman from colorado. mr. tipton: i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the question is will the house suspend the rules and pass the bill h.r. 2255 as amended. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 being in the affirmative, the rules are suspended, the bill is passed and without objection, the motion to reconsider is laid on the table. it is -- for what purpose does the gentleman from colorado seek recognition? mr. tipton: i move to suspend the rules and pass h.r. 4292 as amended. the clerk: union calendar 395, a bill to reform the living will process under the dodd-frank wall street reform and consumer protection act. the speaker pro tempore: pursuant to the rule, the gentleman from colorado, mr. tipton, and the gentlewoman from
new york, ms. velazquez, each will control 20 minutes. the chair recognizes the gentleman from colorado. mr. tipton: i ask unanimous consent that all members may have five legislative days in which to revise and extend their remarks and include extraneous material on this bill. the speaker pro tempore: without objection. mr. tipton: i yield myself such time as i may consume. the living will process is mandated under dodd-frank for systemic and designated nonbank financial companies has become a process for the institutions. section 165 of the dodd-frank act requires bank holding companies with tote consolidate and submit detailed plans to the federal reserve and federal deposit insurance corporation to describe the resolution under the bankruptcy code in the event of a material financial distress or failure. the federal reserve and fdic
have discretion whether a plan is acceptable and therefore an institution will be subject to heavy penalties. this will do just that. improve the regulatory process for both sides of the living will assessment. bipartisan legislation will provide needed change. by limiting the frequency of the living wills process to a two-year cycle and requiring them to disclose the framework and resolution of plans and requiring on feedback within six months of the date they were submitted. mr. speaker, the regulators themselves, the fdic have suggested before congress that reforms should be made to the living wills process. recognition from those running the process needs to be reformed. demonstrates the necessity for mr. zeldin's bill. this was voted out unanimously
takes steps towards efficiency in the process and i urge my colleagues to support the process. and i reserve. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlelady from new york. ms. velazquez: mr. speaker, at this time, i would like to say this is a straightforward legislation, commonsense legislation and i want to thank mr. zeldin for working with democrats to make improvements to the bill. i urge my democratic colleagues to support the bill. nd i yield back. the speaker pro tempore: does the gentlelady reserve time? ms. velazquez: i reserve -- yield back, mr. speaker. the speaker pro tempore: does the gentlelady yield back? ms. velazquez: yes, sir. the speaker pro tempore: the gentlelady yields back. the gentleman from colorado. mr. tipton: i yield five minutes to the gentleman from new york. mr. zeldin: i rise in support of
this bipartisan legislation, which i was proud to introduce from new york. this legislation would provide needed reform and ensure impacted financial institutions that needed feedback from their regulators and uphold standards to uphold the financial system. this may sound like wonky financial policy, fixing these confusing legislation can be the determining factor with regards to getting a small business loan or a mortgage. these are the financial products that provide access to the american dream, help communities grow through home ownership and allow small business owners to hire and expand. now more than ever, we need to be working on a bipartisan basis to improve the standards and reform the confusing regulations that are being imposed on our community banks and community
financial institutions. this bill changes the review of resolution plans also known as living wills. this is in line from recommendations from a 2016 g.a.o. report in which it was recommended that banking regulators should publicly disclose the frame works and shift to a two-year cycle and provide feedback within a minimum of six months. this is essentially a lipes for regular litors to provide the proper size, scale, and business model of private sector enterprises this legislation reins in unchecked authority and provides greater transparency to the living well process this requires public disclosure of rules for living wills and requires regulate dwrors follow up with institutions in a timely fashion with the feedb